Navellier & Associates Inc. Purchases 18,617 Shares of TTM Technologies, Inc. $TTMI

Navellier & Associates Inc. increased its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 32.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,230 shares of the technology company’s stock after purchasing an additional 18,617 shares during the quarter. TTM Technologies makes up 1.1% of Navellier & Associates Inc.’s holdings, making the stock its 16th largest position. Navellier & Associates Inc.’s holdings in TTM Technologies were worth $14,257,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TTMI. GAMMA Investing LLC boosted its stake in shares of TTM Technologies by 1.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock worth $812,000 after acquiring an additional 75 shares during the period. Parallel Advisors LLC boosted its stake in TTM Technologies by 36.2% in the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after purchasing an additional 87 shares during the period. Lido Advisors LLC boosted its position in shares of TTM Technologies by 1.5% in the fourth quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock valued at $553,000 after acquiring an additional 116 shares during the period. GoalVest Advisory LLC grew its position in shares of TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after purchasing an additional 137 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of TTM Technologies by 4.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock valued at $320,000 after buying an additional 142 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Edwin Roks purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average price of $111.77 per share, for a total transaction of $1,117,700.00. Following the completion of the acquisition, the chief executive officer owned 64,814 shares of the company’s stock, valued at $7,244,260.78. This represents a 18.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dale Martin Knecht sold 26,198 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $142.00, for a total value of $3,720,116.00. Following the completion of the sale, the senior vice president directly owned 40,138 shares of the company’s stock, valued at $5,699,596. The trade was a 39.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 108,241 shares of company stock worth $20,911,975 over the last ninety days. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Stifel Nicolaus raised their price objective on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price target on shares of TTM Technologies in a research report on Tuesday, August 18th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Wall Street Zen raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Finally, Truist Financial upped their price objective on shares of TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, TTM Technologies presently has a consensus rating of “Buy” and a consensus price target of $214.25.

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $118.65 on Friday. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 53.45 and a beta of 2.14. TTM Technologies, Inc. has a twelve month low of $42.69 and a twelve month high of $223.83. The company’s fifty day moving average is $142.53 and its 200 day moving average is $136.58. The company has a quick ratio of 1.54, a current ratio of 1.78 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The business’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Sell-side analysts forecast that TTM Technologies, Inc. will post 4.26 EPS for the current year.

TTM Technologies Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.